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Men’s wear brand Indian Terrain Fashions Ltd is eyeing to increase its retail footprint in tier-II and III cities in the country, a top official has said.

The Chennai-based company has completed 20 years of operations in the country and has planned further expansion by opening stores in those cities.

While the COVID-19 pandemic continues to present unprecedented challenges, it is integral to adopt the new normal and map a strategic journey that can benefit the community as a whole, the company’s Managing Director Charath Narasimhan said in a statement.

“To mitigate the impact of current situation, we need to evolve and adopt newer ways of reaching out to the consumers,” he said.

“We are currently expanding our stores in tier-II and tier-III cities and further expanding our business portfolio,” he said.

The company has planned to strengthen retail outlets with the launch of 15 new stores in those cities, including Hubli, Lucknow, Siwan, Ganganagar and Ooty, and more in FY ’20-’21.

With the impetus on digital (medium) in the current situation, the company has invested in digital strategy to strengthen its e-commerce set-up and focuses on building partnerships with other e-commerce portals like Myntra and Flipkart, among others, he said.

The company unveiled the ‘Store-to-Door’ concept also, wherein a curated virtual catalogue is sent to the customer through social media platforms and the product is delivered at the customer’s doorstep.

As a precautionary measure in the wake of the pandemic, customers who prefer to walk into their stores can fix appointments and and make digital payments, he said.

Customers, while visiting the store, were encouraged to wear masks and follow social distancing norms, the release said, adding that a new range of dress collection would be introduced later this month.

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“Online sales are increasing by the day. The ratio of customers visiting our website as well as our partner sites is huge as compared to the few who could access our products in brick n mortar stores. Consistent online sales from India and abroad has been promising and a huge motivation to keep going stronger, with focus on specific international markets to register b2c sales,” add Sounak Sen Barat and Anu Shyamsundar.

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This principle is applied in the BIRKENSTOCK 1774 collection – a new, season-less unisex drop that takes the most iconic of the brand’s styles and upgrades them with state of the art manufacturing techniques. The iconic cork footbed is wrapped entirely in soft premium leather, stamped with the 1774 custom seal. An ultra slim leather sole features a unique pattern of PU areas for durability, flexibility and anti-slip. This project is created with a long term view, developing new styles annually, consistently taking manufacturing techniques forward.

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Speaking on the reason for the launch of numerous stores in the country in such short span of time, Pankaj Khanna, Founder & MD of Gem Selections, Khanna Gems Private Limited said, “We are a global and India’s biggest gemstone brand and aspire to become the country’s first choice of gems and jewelry across every state. Hence, our expansion is aimed at making Gem Selections easily accessible so that no one has to settle for anything less than the best. Also, we want to make sure that people understand the aesthetics and benefits of buying pure and high-quality gemstones by connecting with us.”

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For the first time in seven editions, the Top 10 luxury companies contributed more than half of the total luxury goods sales of the Top 100 companies

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